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re: Should I sell my medical practice? New update page 4
Posted on 7/3/25 at 4:49 am to Saint5446
Posted on 7/3/25 at 4:49 am to Saint5446
Also as we were exploring options, I also found conversations with partners/ex-owners in acquired groups to be very helpful. Was everything as promised? Is everything as expected? Given the chance, would you do the same thing again? etc.
FWIW: We retained pre-purchase AR and real estate along with associated debt. By contract, the buyer leased the properties from us with FRR if we decided to sell them.
FWIW: We retained pre-purchase AR and real estate along with associated debt. By contract, the buyer leased the properties from us with FRR if we decided to sell them.
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Posted on 7/3/25 at 5:24 pm to Saint5446
Having done M and A this is a good deal.Have your attorney look over it.
Posted on 7/8/25 at 10:41 am to 756
Just got a formal LOI. They came up an additional 200k to cover my AR. 900k up front, 800k on the back end after maintaining pro forma amount for one year. Haven't got specific language on that yet, but since my second office is brand new I can't see it being difficult to do since we were at half the visit volume we are at now one year ago.
That extra 200k would cover the majority of the debt. Kind of makes it seem like a no brainer.
That extra 200k would cover the majority of the debt. Kind of makes it seem like a no brainer.
Posted on 7/8/25 at 10:49 am to Saint5446
Nice! Congrats. Fingers crossed the sale goes through.
Posted on 7/8/25 at 11:25 am to Saint5446
Good for you OP, sounds like its what you want.
I'm late to the thread but I'll play devil's advocate. It sounds like you are way too clueless on your profitability. If you just want out that's all good, but I would hate to sell before knowing more about my own true accounting.
2ndly, why not open a 3rd of your own and then hire someone else to run it? If you are selling 2 and opening a 4th and 5th location for someone else, it sure sounds like you could just not sell and open them yourselves. Just some late in the game food for thought.
$1.5 mil at 40 is not a lot IMO. Yes it sets you up okay for an okay retirement. But its not $5 mil and its certainly not $10 mil setting you up comfortably for an early retirement.
What's your real plans for making money in your mid to late 40s?
I'm late to the thread but I'll play devil's advocate. It sounds like you are way too clueless on your profitability. If you just want out that's all good, but I would hate to sell before knowing more about my own true accounting.
2ndly, why not open a 3rd of your own and then hire someone else to run it? If you are selling 2 and opening a 4th and 5th location for someone else, it sure sounds like you could just not sell and open them yourselves. Just some late in the game food for thought.
$1.5 mil at 40 is not a lot IMO. Yes it sets you up okay for an okay retirement. But its not $5 mil and its certainly not $10 mil setting you up comfortably for an early retirement.
What's your real plans for making money in your mid to late 40s?
Posted on 7/8/25 at 11:55 am to Saint5446
Congratulations
Posted on 7/8/25 at 12:09 pm to baldona
Agree with the sentiment but I only have so much borrowing power and bandwidth. Also, I’m in a saturated market and don’t feel like taking on more risk. The second one was WAY harder than the first one. When the owner isn’t the provider at the office they’re way less profitable and more difficult to run.
Plan to make money is to continue to work for these guys for a few years. The final package is about 230-250k for first 2 years annually, then just under 200k in perpetuity, more if I grow the region, which may or may not happen. If I hate it, I’ll fire it up again myself on a smaller scale or find something else to do. I also have another company I own and operate that’s in the industry but in a different setting that nets me about 80k a year. If these offices are off my plate I will likely pivot to picking up a few more contracts for that.
Agree it’s not enough to retire on, but it’s more than enough to coast FIRE on.
Plan to make money is to continue to work for these guys for a few years. The final package is about 230-250k for first 2 years annually, then just under 200k in perpetuity, more if I grow the region, which may or may not happen. If I hate it, I’ll fire it up again myself on a smaller scale or find something else to do. I also have another company I own and operate that’s in the industry but in a different setting that nets me about 80k a year. If these offices are off my plate I will likely pivot to picking up a few more contracts for that.
Agree it’s not enough to retire on, but it’s more than enough to coast FIRE on.
This post was edited on 7/8/25 at 12:21 pm
Posted on 7/8/25 at 6:43 pm to Saint5446
But you are working for someone else that whole time, someone that sees it as more profitable than you are.
I’m just looking at it like I would. I’m in my early 40s with a business close enough in numbers. I’d sell, if I could make enough to retire or make enough to be FIRE plus afford to have enough money to invest in something else.
If they can pay you almost $2 mil plus $250k a year (your suggested income now) imo you are either under evaluating, not profiting enough, or C I don’t know.
Im not saying it’s a bad idea at all. But I’m also shocked so many here are suggesting selling.
I’m just looking at it like I would. I’m in my early 40s with a business close enough in numbers. I’d sell, if I could make enough to retire or make enough to be FIRE plus afford to have enough money to invest in something else.
If they can pay you almost $2 mil plus $250k a year (your suggested income now) imo you are either under evaluating, not profiting enough, or C I don’t know.
Im not saying it’s a bad idea at all. But I’m also shocked so many here are suggesting selling.
Posted on 7/8/25 at 7:25 pm to Saint5446
Congratulations 
Posted on 9/2/25 at 7:54 pm to GEAUXT
Bumping this thread.
Closing on this in one week. Final sale price was agreed to at $1,750,000.
Base Salary $125k, $50k retention bonus annually for first 2 years at 12 and 24 months, combination of 10-20% profit sharing of 5 different offices in the city. I elected to give some of this to a few of my key people. It's around a $225kish job for first 2 years for me, others are well taken care of. I have a third year retention bonus clause as "negotiable," which I am not necessarily counting on.
Option to roll up to 20% or 350k into A shares, which are currently on schedule to sell in either late 2026 or early 2027. Still unsure of whether or not I will do this. They are of course making it sound like a very sure thing, and also very timely, but I don't have to decide until 6 months after the sale.
Also still own 51% of the other business, netting me about 80-100k/year.
Genuine and humble thanks to everyone who offered me advice, many of you pointed me at things to consider I had not thought of. I found a really good M and A attorney who helped with the process. I feel good about my decision.
Now after clearing the debt, and paying the tax burden, I will have about $1.1 million in cash remaining. Next question, what do you do with something like this? Taxable brokerage?
Sincere thanks, Money Board.
Closing on this in one week. Final sale price was agreed to at $1,750,000.
Base Salary $125k, $50k retention bonus annually for first 2 years at 12 and 24 months, combination of 10-20% profit sharing of 5 different offices in the city. I elected to give some of this to a few of my key people. It's around a $225kish job for first 2 years for me, others are well taken care of. I have a third year retention bonus clause as "negotiable," which I am not necessarily counting on.
Option to roll up to 20% or 350k into A shares, which are currently on schedule to sell in either late 2026 or early 2027. Still unsure of whether or not I will do this. They are of course making it sound like a very sure thing, and also very timely, but I don't have to decide until 6 months after the sale.
Also still own 51% of the other business, netting me about 80-100k/year.
Genuine and humble thanks to everyone who offered me advice, many of you pointed me at things to consider I had not thought of. I found a really good M and A attorney who helped with the process. I feel good about my decision.
Now after clearing the debt, and paying the tax burden, I will have about $1.1 million in cash remaining. Next question, what do you do with something like this? Taxable brokerage?
Sincere thanks, Money Board.
Posted on 9/2/25 at 8:14 pm to Saint5446
Awesome.
VTSAX and chill
VTSAX and chill
Posted on 9/2/25 at 9:41 pm to Saint5446
Just here to say props. You can always cut these things a million different ways, but if you get out and you're happy and can go about your life, you won. Good for you!
This post was edited on 9/2/25 at 9:45 pm
Posted on 9/3/25 at 6:38 am to Saint5446
One last thing and I hope it’s not too late. Make sure you have a hard number to close out your liability to use in negotiations if they’re not picking that up. Tailing off insurance can be a big number depending on your specialty and insurance.
Posted on 9/3/25 at 7:28 am to Saint5446
Congrats, enjoy financial independence!
Posted on 9/3/25 at 8:34 am to Saint5446
Is this a DSO sale? I don't think I'd take any % in shares unless interest rates drop drastically.
Posted on 9/3/25 at 9:54 am to TigerMan327
Not a DSO, not a dentist. Different specialty.
Posted on 9/3/25 at 2:20 pm to Saint5446
Congrats man! 
Take a good vaca, and then get back to work!
Take a good vaca, and then get back to work!
Posted on 9/4/25 at 1:33 pm to baldona
quote:
$1.5 mil at 40 is not a lot IMO. Yes it sets you up okay for an okay retirement. But its not $5 mil and its certainly not $10 mil setting you up comfortably for an early retirement.
iT iZ NoT EnOuGh! HuRr DurR!
whoever said he is stopping? he might trade stocks and invest in RE until he is 80! HE may not retire just on that transaction.
proves my points for years. This board is a complete anomaly and NOT what everyday americans face or struggle with daily aka low incomes living paycheck to paycheck.
This post was edited on 9/4/25 at 1:35 pm
Posted on 9/4/25 at 1:48 pm to Saint5446
quote:
I will have about $1.1 million in cash remaining. Next question, what do you do with something like this? Taxable brokerage?
dividend paying ETFs and/or rentals/flips
JEPQ
XDTE
BITO
Posted on 9/4/25 at 8:29 pm to Fat Bastard
Kind of nailed it. 1.75 mm isn’t enough to retire, but I am still working for these guys for a few years minimum and collecting a bunch of retention bonuses and if that doesn’t work out I am going to fire it up again in a few years.
I don’t want to retire right now. I enjoy working. Seems too good to leave this money on the table though.
I don’t want to retire right now. I enjoy working. Seems too good to leave this money on the table though.
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